The Irish Farmers Journal understands the board of Ornua, home of the Kerrygold brand, has agreed a complete restructure following more than 12 months of talks. At a board meeting on Wednesday, members agreed to the formation of two boards. The move will see all member co-op chiefs and chairs stepping down off the current Ornua board and moving to a new advisory board.
The new Ornua board will then be made up of eight non-conflicted members from the shareholding co-ops, along with a member from each of the IFA, ICMSA and ICOS. This board will also have three independent board members and two executives from Ornua.